CIA Hyde Park
Project Summary
01.
Proactive outreach with the municipality to help build buy in and excitement for the proposed project. Able to achieve multiple concessions and variances including investments and abatements and soft approvals prior to the formal submissions.
02.
Real time updates of the residence mix and a phasing plan which will allow for a very controlled and minimized amount of borrowing while simultaneously driving interest and exclusivity for the project.
03.
Instituted strategies such as prefabricated villas, alternative building systems and proactive item negotiation and sourcing to reduce costs, fast track deliverables and reduce costs
ABOUT THE PROJECT
Major Developments During Uncertain Economic Times
In recent economic climates money has come at a low cost and often has gotten cheaper along the way. Recently a dramatic increase in interest rates has made developers sharpen their pencil, get creative with planning and be exact in planning and execution.
Sub Details
This major redevelopment has fallen into this category and Cardinal is proud to support NRI in its efforts to consider housing mix, work with the municipality, proactively market and fast track site and construction work
Project Type
Mixed Use - Residential and Commercial
Year
2025